Lipe & Dalton Purchases Shares of 450 Lowe’s Companies, Inc. (NYSE:LOW)

Lipe & Dalton purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 450 shares of the home improvement retailer’s stock, valued at approximately $75,000.

Other institutional investors have also recently bought and sold shares of the company. HighMark Wealth Management LLC grew its stake in Lowe’s Companies by 272.1% during the 3rd quarter. HighMark Wealth Management LLC now owns 160 shares of the home improvement retailer’s stock valued at $28,000 after purchasing an additional 117 shares during the last quarter. PrairieView Partners LLC purchased a new stake in Lowe’s Companies during the 2nd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Lowe’s Companies during the 2nd quarter valued at about $26,000. Carolina Wealth Advisors LLC purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $33,000. Finally, Danda Trouve Investment Management Inc. grew its stake in Lowe’s Companies by 73.9% during the 3rd quarter. Danda Trouve Investment Management Inc. now owns 200 shares of the home improvement retailer’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.

In other news, EVP Ross W. Mccanless sold 62,838 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $168.33, for a total value of $10,577,520.54. Following the sale, the executive vice president now directly owns 72,967 shares in the company, valued at $12,282,535.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by company insiders.

Shares of NYSE LOW opened at $160.37 on Monday. The stock has a market cap of $119.48 billion, a P/E ratio of 21.02, a PEG ratio of 1.24 and a beta of 1.48. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 4.64. Lowe’s Companies, Inc. has a 12-month low of $60.00 and a 12-month high of $180.67. The business’s fifty day simple moving average is $167.13 and its 200-day simple moving average is $141.24.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.80. The business had revenue of $27.30 billion for the quarter, compared to analysts’ expectations of $24.24 billion. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the firm earned $2.15 earnings per share. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 8.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be paid a $0.60 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, October 20th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 41.96%.

A number of analysts have recently commented on LOW shares. The Goldman Sachs Group upped their target price on Lowe’s Companies from $149.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Royal Bank of Canada increased their price target on Lowe’s Companies from $165.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. KeyCorp increased their price target on Lowe’s Companies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. DA Davidson increased their price target on Lowe’s Companies from $180.00 to $185.00 in a report on Thursday, August 20th. Finally, Loop Capital increased their price target on Lowe’s Companies from $180.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $169.16.

Lowe’s Companies Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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